3 ms·
Your question is not very meaningful/vacuously true for two reasons. 1. The premise is false. Bitcoin does not have the same demand as the USD. 2. The whole p
by tylerhou 6y ago
Your question is not very meaningful/vacuously true for two reasons.
1. The premise is false. Bitcoin does not have the same demand as the USD.
2. The whole point of my original comment is that value is a result of demand. So your question is circular.
"If Bitcoin had equal demand to the USD, then it would be a better store of value" is as logical a statement as "if my grandmother had wheels, she would be a wagon, if you define a wagon as anything that has wheels."
- hanniabu 6y agoSo value is only a result of demand for USD but when it comes to BTC that doesn't apply?
- tylerhou 6y agoValue is a product of demand for both USD and BTC. So as I said above, your question was tautologically true: if the demand of Bitcoin will always be high, then yes it will be a store of value, because things that are in high demand have value. But that is true for any good. I could ask the same question about cow dung, or any scarce good. If the demand for cow dung was as high as the USD, will it be a stable store of value? Yes.